|Day's Range||24.02 - 24.02|
Lawmakers are grilling big tech over antitrust concerns, but Wedbush Securities Managing Director of Equity Research Dan Ives says that these hearings are creating more noise than actual change. He joins Yahoo Finance's Seana Smith to explain.
Amid bipartisan backlash against Libra, some House Republicans are urging Congress to keep an open mind about emerging technologies. Yahoo Finance's Jessica Smith breaks down the details on "YFi PM."
Adam Shapiro highlights today's top trending stories on Yahoo Finance.
The Unicode Consortium teased the next round of emoji additions for 2019, andnow it's clear just what they'll look like when they reach your phone
Netflix Inc. shares plunged more than 10% in the extended session Wednesday after the video-streaming giant badly missed projections for new paid subscriptions.
Financial literacy and planning is hugely important in marriage and life, I agree. It’s nice that you treated both of you to a vacation, but ultimately you may be setting yourself up for a long road of frustration by trying to create incentives for your girlfriend to bend to your will. Your girlfriend’s approach has gotten her this far.
Regulatory concerns have become real for technology companies as tech innovations pervade our modern existence with lasting impact on our future.
The EU's Amazon probe is part of a global regulatory and political push v. Big Tech, also including Facebook, Google, Apple. Investors should take threats to their business models seriously.
FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.
Yesterday, Facebook’s (FB) David Marcus, head of Facebook’s Calibra wallet, visited Capitol Hill to testify in front of the Senate Banking Committee.
Over the last few quarters, big tech companies have been under the scanner. There are issues ranging from monopoly to handling customer data.
More companies appear to be aiming lobbyists at the North Carolina General Assembly in 2019. The latest figures out of the North Carolina Secretary of State’s office show 1,062 entities - from companies to municipalities - have registered lobbyists working on behalf of their agendas on Jones Street. None of those companies registered lobbyists in the state a year ago, yet, in the latest report, Bird, Lime, Lyft and Airbnb all have representation in the registry.
Qualcomm (NASDAQ:QCOM) stock investors received some welcome news late Tuesday. The United States Department of Justice has asked the government to hold off on enforcing the recent antitrust ruling. In its argument, the DOJ called the ruling a threat to "competition, innovation and national security." This sent QCOM shares higher in Wednesday trading.This offers welief to QCOM stock investors. Just when the dispute with Apple (NASDAQ:AAPL) appeared resolved, the Federal Trade Commission won a ruling against the company. Now, the government has ruled that Qualcomm is a monopoly, and the decision would change the way it does business and alter licensing agreements. But with the DOJ siding with Qualcomm, the company has a better chance at maintaining its market standing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the company faces more challenges than antitrust issues. Due to Qualcomm's presence in China, the company finds itself in the middle of the trade dispute. Whatever happens with U.S.-China trade could have profound effects on QCOM stock. However, with a relatively low valuation and future growth driven by the adoption of 5G, Wall Street has likely priced the antitrust and trade-related challenges into the price of QCOM. Qualcomm Stock Offers Compelling FinancialsFrom a valuation and growth standpoint, Qualcomm seems like a slam dunk. For this year, analysts only expect an earnings increase of 2.7%. However, with the advent of 5G, they expect profits to grow by 34.8% next year. They predict an average growth rate of 27.05% per year for the next five years. Investors can currently buy this growth for about 15.4 times forward earnings.Also, amid stagnation, the dividend continues to serve investors in QCOM stock well. This year's payout stands at $2.48 per share, a yield of almost 3.3%. Moreover, this payout has increased every year since QCOM began paying a dividend in 2010. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Financials Not the Driving Force of QCOM StockUnfortunately for QCOM stock investors, forces other than financial metrics largely influence the stock. Instead, QCOM has traded on these lawsuits surrounding its highly coveted chipsets. These chips have become all the more critical as the world begins to adopt 5G wireless.Many regard this technological edge as a monopoly. It reminds me of how the dominance of Windows bolstered Microsoft (NASDAQ:MSFT) in the 1990s. That likely also explains why Apple decided to settle their years-long legal dispute with the company. Now, the appeals court will have to decide whether the FTC can force Qualcomm to renegotiate contracts regarding the licensing of its chipsets. With the DOJ standing on Qualcomm's side, QCOM's chances to prevail have probably increased. Still, the outcome remains uncertain. Geopolitics Also Influences QCOMInvestors must also contend with another factor rarely seen outside of the oil and gas industry -- geopolitics. China made up approximately two-thirds of Qualcomm's revenue in 2018. South Korea accounted for about 14%, while only about 2.7% of the company's revenue came from its home market in the U.S. As InvestorPlace contributor Vince Martin pointed out, the company has paid fines levied by antitrust authorities in both China and South Korea.Geopolitics also touches on an interesting point brought up by InvestorPlace contributor Josh Enomoto. Mr. Enomoto points out the national security implications involved with Qualcomm. With the Chinese government backing Huawei, QCOM could find itself in trouble without similar backing from the U.S. government. Since the Department of Defense (DOD) met with the FTC during the case, it will likely go to bat for QCOM. While nobody knows the outcome of this dispute, the DOD backing should ease the minds of investors hesitant about QCOM stock. * 7 Best of the Best Fidelity Funds to Buy The Bottom LineStill, the price of Qualcomm stock likely reflects both the antitrust and geopolitical challenges. As mentioned before, QCOM stock trades at over 15 times forward earnings. With the DOJ now firmly on its side, Qualcomm's valuation has increased. However, if these concerns did not affect QCOM at all, I think the stock would trade at a much higher price-to-earnings ratio.Furthermore, the trade dispute will inevitably end at some point. Both the U.S. and Chinese economies depend heavily on one another. Hence, I do not see the disagreement destroying Qualcomm's revenue stream in China. Additionally, with 27%+ profit growth projected every year for the foreseeable future, adoption of 5G looks set to propel QCOM higher regardless of the trade dispute.Prospective buyers should get in and collect a generous, growing dividend. The growth will come as 5G expands and as antitrust and trade regulators resolve the various disputes.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Antitrust, China Uncertainty Are Priced Into Qualcomm Stock appeared first on InvestorPlace.
Apple Inc. plans to start trial production of its AirPods product in Vietnam, according to a new report from the Nikkei Asian Review, as it looks to reduce its dependence on Chinese manufacturing. One of the company's contract manufacturers will start testing its production processing for the next iteration of AirPods at a Vietnam facility, said the report, which cites multiple anonymous sources, though the initial trials would be very small. Apple declined to comment in the Nikkei Asian Review's story. Its shares are down 0.3% in Wednesday trading. They've gained 29% so far this year, as the Dow Jones Industrial Average has risen 17%.
Tech’s day of reckoning Tuesday on Capitol Hill started with skepticism about Facebook Inc.’s proposed digital currency, and ended with a spirited debate over charges of anti-conservative bias on Alphabet Inc.’s Google search. In between, the industry’s big four took some body blows from both political parties.
The latest government scrutiny could even end up being a long-term positive for Facebook, Amazon, Apple and Alphabet, says analyst Dan Ives.
Since early June, Square (NYSE:SQ) stock has been in the bull mode. Square stock shot from $60 to $82. But hey, so has the rest of the market. Just some of the catalysts include the expectation of lower interest rates and a truce with the U.S.-China trade war.Source: Shutterstock And yes, some Wall Street analysts are warming up to Square stock. Consider Raymond James' John Davis, who raised his rating on the shares from underperform to market perform. The main reason for this is he believes that Square's debit card is likely to see increased momentum, adding as much as $100 million to the top-line next year.No doubt, this would be a big deal.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut of course, much of the focus for SQ stock will be on the near-term. In fact, we'll get the second-quarter results on Aug. 1.So what is on tap? Well, in terms of revenues, the consensus forecast is calling for $557 million, up about 45% on a year-over-year basis. As for the bottom line, the estimate is 16 cents a share, compared to 13 cents during the same period last year. All in all, there remains quite a bit of optimism on Wall Street. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The Square Stock Price and Other NewsDuring the quarter, there has been much activity, especially with partnerships. Here's a look at some of the notable events: * Square teamed up with the Ogden Raptors - a minor league baseball team that's part of the Los Angeles Dodgers farm system - to provide payment services. The deal involves both online sources, such as with Apple (NASDAQ:AAPL) Pay and offline ones. * Called Square for Restaurants, this is a set of order management integrations for Postmates, DoorDash and Chowly. All these services are not part of the core POS system, which means eliminating the use of various other tablets and manual entry of orders. * Square has entered a deal to be the payments and POS provider for the Indianapolis 500. The event includes more than 300,000 customers and about 500 concession stands. It's actually the largest sports venue in the world. * A resident of southern California has sued Square because he alleges the company's invoice system mistakenly sent his personal medical history to a friend. His attorneys are looking to put together a class-action suit. Interestingly enough, the Wall Street Journal recently wrote a piece on how Square's system has misfired on various occasions. * Now when it comes to SQ stock, one of the most important growth drivers is its Cash App. According to Instinet analysts Dan Dolev and Conan Leon, the app has 56.1 million users, which is more than PayPal's (NASDAQ:PYPL) fast-growing Venmo. They currently have a $100 price target on SQ stock, which was recently increased from $90. Bottom Line on Square StockSquare CEO Jack Dorsey has certainly done a great job with the company. What started as a simple app has quickly transformed into a strong platform with a robust ecosystem. It's also amazing that he has been able to do this while still the CEO of Twitter (NYSE:TWTR).Yet there are definitely issues with SQ stock. Even though the company deserves a premium valuation, it is still quite steep, with the forward price-to-earnings multiple of 73X.Sell-side analysts are generally cautious as well, with three sell ratings and 17 holds. And the average price target assumes zero upside from current levels.For the most part, Square stock is pricing in much of the good news. So this could make the upcoming earnings report a bit dicey since the growth rate has already been trending down during the past few quarters.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Even If Q2 Numbers Are Solid, Square Stock Looks Tapped Out appeared first on InvestorPlace.